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Thursday, February 22, 2024 12:35:33 PM
Rickards and Murphy were in the camp that the dollar is on its way out and the other two, I thought, made valid points that the dollar will be around longer. IMO it's very clear the dollar, along with the U.S., is losing it's influence around the world. The dollar may still be the least dirty shirt in the closet, but the East is making a very big effort to dump it. That's for certain, so that is a slower death for the dollar. We could at some time end up with multiple reserve currencies I suppose.
If we do see the dollar hold on for another 5-10 years that may be in FMG shareholder's best interest. We may not have to fire sale our shares as quickly as possible after we see the share price move higher.
Murphy was just O.K. in the debate. IMO Peter Schiff would have been the other Guy with Rickards that would have made a much better case for the gold side of the discussion.
I'm glad You persevered to watch the entire debate. It was testy at times, but I thought both sides made good points. It's always good to get different perspectives.
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